Crypto Chaos: Hayes Dumps $5M HYPE But Swears 126x Miracle Awaits 🚀

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Behold the curious tale of the Hyperliquid token HYPE, plunging below $48 while its master, Arthur Hayes, shrugs and promises a 126-fold resurrection by 2028.

Ah, the whimsical dance of markets! Like a sorcerer tired of suburbia, Arthur Hayes-co-founder of BitMEX and part-time crypto conjurer-cast away his entire treasure chest of HYPE tokens, worth a princely $5 million. This abrupt vanishing act ignited a flurry of chatter among the restless crypto masses. Yet, undeterred by his own vanishing trick, Hayes assures us the 126x growth prophecy still shines brightly in the distant mists of 2028. Patience, dear mortals, patience.

Hayes Sells Entire HYPE Position (Because Why Not?)

On a fateful September day-the 21st, to be precise-Hayes unloaded 96,628 HYPE tokens, netting a tidy $823,000 in profit, or a modest 19% uplift since August. Not quite a sweeping triumph, but a respectable swan song nonetheless. The blockchain oracle Lookonchain conjured this data from the digital ether and promptly reported the event, fueling endless debates and raising eyebrows like a flask of vodka at a midnight séance.

Arthur Hayes() just sold all 96,628 ($5.1M) he bought a month ago, making ~$823K(+19.2%).

During his sermon at the WebX Summit on Aug 25, he foretold a 126x upside, but now he exits with less than 20%. Oh, the comedy of hubris!

– Lookonchain (@lookonchain)

Unsurprisingly, this mass exodus sent HYPE tumbling 10-12%, from the lofty perch of $54 down to a mere mortal $48, wiping a staggering $1.7 billion from the market stage in a single day. Hayes later claimed-no, not disavowed, but rather delegated-to his personal familiars at the family office Maelstrom the dubious honor of pulling the trigger. Grand strategy, or panic masked as philosophy? You decide.

In an enigmatic tweet, he confessed: “This is why we dumped HYPE today but do not worry 126x is still possible.” Clearly, 2028 is a Promised Land distant enough to forgive any sins committed on the way.

This is why we dumped today. But don’t worry 126x is still possible. 2028 is a long way off.

– Arthur Hayes (@CryptoHayes)

Market Reaction and Supply Concerns: The Apocalypse Soon?

HYPE’s meteoric rise had flirted with glory, doubling since New Year 2025 and peaking at $59.30 mere days before the grand dump. This proud token, a denizen of Hyperliquid’s decentralized cryptoverse, seemed destined for greatness-or at least a few good tales at the pub.

However, lurking in the shadows, the looming threat of supply unlocked-238 million tokens due to vest starting November 29, a flood of riches cascading over two years-threatens to drown this dream. Hayes’s buyback spells promise to absorb a mere 17% of the incoming torrent, and even the mighty Sonnet fund, a behemoth of $583 million, may prove powerless against the deluge. Such are the fragile illusions of stability in crypto’s grand theatre.

Whales Stir and Dreams Persist

Meanwhile, another colossal holder, known in whispered circles as Techno Revenant, moved a gargantuan 2.39 million HYPE tokens, worth over $122 million, their cherished stash boasting unrealized gains of more than $90 million. Naturally, whispers of impending doom and fresh sell-offs raced through the gossip mills.

Yet Hayes, ever the optimist, clings to his crystal ball’s shimmer: a 126x upside awaits within those mysterious years, fueled by the rise of stablecoins and titanic transaction fees at Hyperliquid-predicted to soar to $255 billion annually by his August oratory. One cannot help but admire the audacity, or perhaps the sheer madness.

HYPE, launched but yesterday (November 2024), has already dazzled its admirers with a fantastical 1,400% gain. Now trading at a humble $48.50, with a kingdom valued at $16.21 billion, it remains the belle of the ball in this carnival of chaos. Hayes maintains, with the unwavering confidence of a man who sold early yet still prophesieth, that all is well and the saga continues.

💥 Ah, crypto! Where fortunes are made, lost, then promised again with a wink and a smile.

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2025-09-23 00:23